Daiwa Securities Group Inc. Makes New Investment in Curbline Properties (NYSE:CURB)

Daiwa Securities Group Inc. purchased a new stake in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,033,334 shares of the company’s stock, valued at approximately $47,214,000.

A number of other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Curbline Properties in the fourth quarter valued at about $1,513,000. Amundi purchased a new position in Curbline Properties during the 4th quarter valued at about $1,194,000. PNC Financial Services Group Inc. bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $200,000. Edgestream Partners L.P. bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $632,000. Finally, Arizona State Retirement System purchased a new stake in shares of Curbline Properties in the 4th quarter worth approximately $636,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley began coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 price objective on the stock. Compass Point lifted their price target on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Piper Sandler upped their price objective on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.82.

Curbline Properties Stock Performance

NYSE CURB opened at $23.94 on Monday. The business has a fifty day moving average price of $24.11. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69.

Curbline Properties (NYSE:CURB) last announced its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Sell-side analysts anticipate that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.67%.

Curbline Properties Profile

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.